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FiberTel to Acquire Australian Network

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PERTH, Australia, Nov. 30 -- Telecommunications investment company FiberTel has announced plans to merge with Amcom Telecommunications, a high-speed data telecommunications developer based in Western Australia, in a transaction valued at almost $19 million. FiberTel, which currently owns a half share in Amcom, said it had reached an agreement to acquire the remainder of the company from its founders, the Mclean family. Amcom -- described by FiberTel as Western Australia's only licensed independent telecommunications carrier -- recently completed the first stage of its fiber optic network...Read full article

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    Published: November 1999
    Communicationsfiber opticsNews & Features

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